The online pharma market in India is expected to reach a large market size is set to increase from the current market cap of $360 million to $2.7 billion in 2023. This kind of enormous growth in the e-pharma sector is anticipated due to various critical factors, including the increase in per capita income, internet growth, increase in aging population, and increases mobile shopping etc.
Hence, this is the right time to enter this sector that promises a lot of growth opportunities. In this article, we’ll give you all the details you need to start a 1mg pharmacy franchise in your city.
All You Need to Know About 1mg
1mg is one of the leading pharma companies in India that has delivered more than 25 million orders across 1000 cities in the country. 1mg is more than a pharmacy as it is a complete health platform that offers hassle-free healthcare services to billions of people throughout the country.
It not only provides on-demand drugs and other health care services but also enables people to learn or understand more about the drugs and medicines they use. It has also mainly revolutionized the sector in helping people find the right healthcare professionals best suited for their healthcare needs.
What is the USP of 1 Mg Franchise?
The diagnostic services from 1mg bring to the table transparency and cost-effective lab tests that were once very expensive in the country. It is more of a social initiative started with a mission to empower the people to choose the best healthcare service at affordable prices. When it comes to the Unique Selling Proposition of 1mg, then we can single out on one aspect as they provide affordable diagnostic services throughout the country. Other aspects that make 1mg stand apart from its competitors are:
- Offering precise, trustworthy, and credible information on drugs and medicines to enable people to understand what they are using
- Delivering medicines to the doorstep of the customers in more than 100 cities across India
- Partnering with certified and verified pharmacies
- Offering medicines and other healthcare services at market-beating rates
Benefits of Running a Franchise of 1MG
Some of the benefits of starting a 1mg medicine franchise is listed below:
Well Established Brand
1mg is a popular and one of the leading healthcare services company that offers services related to online medicine delivery, online medical consultations, and affordable medical tests throughout the country.
Excellent Customer Support
The customer support provided by 1mg is excellent. You can ask your queries online, contact their customer support through phone or email. All your queries will be answered in quick time.
Advertising & Marketing
With 1mg already have spent a lot of money on advertising & marketing through various channels including press, media, and social network channels, you don’t need to worry about spending anything on popularizing the brand.
1mg only partners with certified and authorized pharmacists and you never need to worry about expired or fake products at any point of time.
Requirements for Starting a 1mg Medicine Franchise in My City
Please read the requirements specified below to start a 1mg franchise in your city:
You need a minimum of 500 sq. ft space to apply for a 1mg franchise in your city.
Experience & Skills
If you are a hard-working individual and have the penchant for success, then you automatically become eligible to open a franchise with 1mg.
1mg will provide all the marketing and technical support needed to open a 1mg franchise. The team will help establish contact with patients in your area. Once you become a 1mg franchise, you will be supplied with:
- 500 business cards
- A BP (Blood Pressure) machine
- A Blood Sugar Level Testing machine
- A backlit board for advertising
You will also be provided with regular training programs to understand the latest developments in the 1mg platform and its healthcare facilities.
Every franchise owner and lead generation partners will be provided with a dedicated account manager to resolve all issues in the quickest time possible.
You can also track your business progress through an intuitive admin dashboard in the 1mg website.
Investment – How Much Does a 1mg Pharmacy Franchise Cost in India?
You just need to make a one-time investment of Rs.10000 to open a 1mg franchise. Compared with many other franchise opportunities, this is very much affordable and there is a lot of opportunities for growth as well.
How to Apply for a 1mg franchise?
To start your own 1mg franchise, you can apply through email – email@example.com or through their website – apply online by filling out the form here
Suggested Reading – How to Get Apollo Pharmacy Franchise in India
1mg is one of the leading healthcare platforms in India that was established in 2015 and has grown tremendously since then. The transparent service process and cost-effective health care services make it stand apart from its competitors. With 1mg ordering medicines or any healthcare facilities is made easy as they deliver your medicines at your doorstep.
If you are looking to start your own business with a small investment, then 1mg franchise is your best bet. Now you can become an entrepreneur with just an investment of around Rs.10,000 only. If you have any queries or suggestions regarding the details provided about how to open a 1mg franchise, please write it to us in the comments section below.